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CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips

Reuters |Updated 30 minutes ago |1 min read

The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped.  The loonie was trading 0.2% lower at C$1.3809 to the greenback, or 72.42 U.S. cents, after trading in a range of 1.3775 to 1.3846.

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Exclusive-Software vendor Envestnet explores sale after receiving takeover interest, sources say

Milana Vinn |Updated 2 minutes ago |1 min read

By Milana Vinn NEW YORK (Reuters) - Envestnet, a U.S. vendor of software that helps manage investments, is exploring options that could include a potential sale after receiving takeover interest, people familiar with the matter said on Tuesday. ...

A man walks between the buildings at a commercial centre in New Delhi, India, February 28, 2023.

IMF raises India's GDP forecast to 6.8% for 2024-25

Reuters |Updated 1 hour ago |1 min read

NEW DELHI (Reuters) - The International Monetary Fund (IMF) has raised India's growth forecast for 2024-25 to 6.8% from 6.5% on the back of strong domestic demand and a rising working-age population. The Reserve Bank of India, the country's ...

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McEwen Mining to buy remaining stake in Timberline Resources

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Canadian miner McEwen Mining entered into a deal to acquire all outstanding shares of Timberline Resources that it doesn't already own, the companies said on Tuesday. McEwen currently owns 6.25 million Timberline shares, or around ...

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011.

US rate futures drop after Powell says restrictive policy needs more time

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Interest rate futures tracking expectations for Federal Reserve policy moves fell on Tuesday after Federal Reserve Chair Jerome Powell said recent data on inflation have not given policymakers the greater confidence needed for them to ...

U.S. dollar banknotes are seen in this illustration taken July 17, 2022.

US funding rates rise modestly on tax outflows, Treasury supply

Davide Barbuscia |Updated 3 minutes ago |2 min read

By Davide Barbuscia NEW YORK (Reuters) - U.S. short-term funding costs rose slightly this week due to tax-related outflows and demand for cash to finance the Treasury's debt issuance, but market participants said there was no indication of ...

U.S. Treasury Secretary Janet Yellen attends a dialogue with students of National School of Development at the Peking University in Beijing, China April 7, 2024.

Yellen says it is important to unlock value of Russian assets to aid Ukraine

Andrea Shalal |Updated 13 minutes ago |3 min read

By Andrea Shalal WASHINGTON (Reuters) -The U.S. and its Group of Seven (G7) allies are continuing to explore a range of possibilities to unlock the value of nearly $300 billion in frozen Russian assets to aid Ukraine, U.S. Treasury Secretary Janet ...

U.S. Secretary of Transportation Pete Buttigieg attends a press briefing the day after the collapse of the Francis Scott Key Bridge in Baltimore, at the White House in Washington, U.S., March 27, 2024.

Biden administration partners with states to protect airline customers

Rajesh Kumar Singh |Updated 2 hours ago |2 min read

By Rajesh Kumar Singh CHICAGO (Reuters) - U.S. Transportation Secretary Pete Buttigieg on Tuesday announced a partnership with state attorneys general to fast-track investigations into complaints against airlines and ticket agents as part of the ...

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo

Vote on EU cybersecurity label delayed to May, sources say

Foo Yun Chee |Updated 2 hours ago |2 min read

By Foo Yun Chee BRUSSELS (Reuters) - National cybersecurity experts have shelved a vote on a draft EU cybersecurity label allowing Amazon, Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts to May, people ...

A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City, U.S., July 11, 2023.

Big banks led by Citi continue to trim staff to cut costs

Manya Saini, Niket Nishant |Updated 4 minutes ago |2 min read

By Niket Nishant and Manya Saini (Reuters) -U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop. Headcount at Citi declined by 2,000 employees after the third-largest U.S. lender completed a ...

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